The Montgomery
Single Family
3
2
1554
Sqft
2008
$205,000
Purchase Price
$1,645
Rent / Mo
0%
Refinance Candidate
Property Leverage
How Are Monthly Dividends Determined for The Montgomery?
Properties start paying dividends once they start generating income and may vary month to month. The monthly dividend is determined by analyzing several factors, including rental status, the amount of cash in the property's reserves, last quarter's cash flow, projected expenses, and lease renewal timing. For more information on why dividends may be increased, decreased or paused, please see our detailed FAQ. The rental history and dividend payments for each property can be found on the performance tab.
About
The Montgomery is a 3-bedroom, 2-bathroom home in Montgomery, Alabama. With an attached 2-car garage, this home is both stylish and practical. It features large living areas, spacious bedrooms, stainless steel appliances, and much more. Outside, you'll find a beautiful backyard, perfect for hosting outdoor gatherings and BBQs.
Tenant Leasing Process
The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Montgomery, AL
Montgomery is Alabama's capital and second-largest city, with approximately 200,000 people. The city is known for its rich history, vibrant culture, and diverse economy. Montgomery's cultural scene is rich and diverse, with several museums, theaters, and music venues, including the Montgomery Museum of Fine Arts, the National Memorial for Peace and Justice, and the Montgomery Performing Arts Centre. The city also hosts several yearly music festivals, including the Alabama National Fair and the Jubilee CityFest. The economy of Montgomery is driven by a mix of industries, including healthcare, education, government, manufacturing, and service. It's also home to several colleges and universities, including Alabama State University and Faulkner University, which significantly contribute to the city's economy. Montgomery's mix of industries and affordable cost of living make it an attractive destination for businesses, families, and investors.
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100%
Funded
625
Investors
$247,640
Invested